CERTIFICATION OF ENROLLMENT

                        HOUSE BILL 2765

                        56th Legislature

                      2000 Regular Session

Passed by the House February 9, 2000   Yeas 91   Nays 6 Speaker of the House of Representatives Speaker of the House of Representatives Passed by the Senate February 29, 2000   Yeas 42   Nays 3	CERTIFICATE We, Timothy A. Martin and Cynthia Zehnder, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2765  as passed by the House of Representatives and the Senate on the dates hereon set forth.                           Chief Clerk                           Chief Clerk
President of the Senate

Approved Place Style On Codes above, and Style Off Codes below.	FILED
Governor of the State of Washington	Secretary of State                   State of Washington

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                          HOUSE BILL 2765

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             Passed Legislature - 2000 Regular Session

State of Washington      56th Legislature     2000 Regular Session

By Representatives McIntire, Mulliken, Wensman, Fisher, Ogden and Edwards

Read first time 01/20/2000.  Referred to Committee on Local Government.

Authorizing delegation of authority regarding revenue bonds for port districts.

    AN ACT Relating to port district revenue bonds; and amending RCW 53.40.030.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

    Sec. 1.  RCW 53.40.030 and 1983 c 167 s 137 are each amended to read as follows:

    (1) The port commission shall determine the form, conditions, and denominations of all such bonds, the maturity date or dates which the bonds so sold shall bear, and the interest rate or rates thereon.  It shall not be necessary that all bonds of the same authorized issue bear the same interest rate or rates.  Principal and interest of the bonds shall be payable at such place or places as may be fixed and determined by the port commission.  The bonds may contain provisions for registration thereof as to principal only or as to both principal and interest as provided in RCW 39.46.030.  The bonds shall have interest payable at such time or times as may be determined by the port commission and in such amounts as it may prescribe.  The port commission may provide for retirement of bonds issued under this chapter at any time or times prior to their maturity, and in such manner and upon the payment of such premiums as may be fixed and determined by resolution of the port commission.  The port commission may delegate authority to the chief executive officer of the port to approve the interest rate or rates, maturity date or dates, redemption rights, interest payment dates, and principal maturities under such terms and conditions approved by resolution of the port commission.

    (2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.

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